Relief to AXA France Vie-India: Delhi HC quashes Order against Non-Payment of IGST on Reinsurance

The Delhi High Court quashed a demand order against AXA France Vie-India for non-payment of IGST on reinsurance services. The court ruled that the demand was unsustainable as it did not consider the GST Council’s recommendations and the Union Government’s clarifications, which exempted reinsurance services from IGST for a specific period. This decision provides relief to AXA and emphasizes the need for tax authorities to align their demands with prevailing laws and official clarifications, ensuring fair treatment of taxpayers and adherence to regulatory guidelines.